Development of a method for targeted financing of economy sectors through capital investment in the innovative development

Authors

DOI:

https://doi.org/10.15587/1729-4061.2021.243235

Keywords:

economic sector, targeted financing, public investment, innovative development, an integrated approach

Abstract

The problem of targeted financing of economic sectors is considered. The method of targeted financing of sectors of the economy through investment in innovative development is proposed. On the basis of statistical data on the performance indicators of the sectors of the economy, the calculation of indicators of their innovative potential was carried out, based on the volume of sold innovative products (goods, services) by type of economic activity. In order to stimulate sectors of the economy by investing in innovative development, it is proposed to introduce targeted financing of the latter. The problem of quantitative assessment of targeted financing of economic sectors by means of investment in innovative development based on an integrated approach has been solved. According to the results obtained, sectors of the economy that are identified as the most risky and have the potential for innovative development fall under targeted financing.

The proposed technique was tested by an experimental method. On the basis of an integrated approach for the indicators of the riskiness of the economic sector and the indicator of the innovative potential of the economic sector, targeted financing for 3 sectors of the economy (namely: P, N, M, L and J) was determined. Sector P will receive more targeted funding, while sectors N, M, L and J will receive less targeted funding, respectively. The size of these parts will be 47.30 %, 22.31 %, 13.48 %, 9.56 % and 7.34 %, respectively, of 100 % S.

The results of the study are of practical interest for government bodies (local, territorial, etc.) in the distribution of funds according to the vector of targeted financing of sectors of the economy through investment in innovative development. Practically valuable for researchers who deal with issues of financial security, targeted financing and public administration

Author Biographies

Iaroslava Levchenko, Kharkiv National Automobile and Highway University

Doctor of Economic Sciences, Associate Professor

Department of Economics and Business

Peter Losonczi, University of Security Management in Kosice

PhD, Associate Professor

Department of Civil Security

Igor Britchenko, State Higher Vocational School Memorial of Prof. Stanislaw Tarnowski in Tarnobrzeg

Doctor of Economics, Professor

Department of Technical and Economic Sciences

Radostin Vazov, VUZF University (Higher School of Insurance and Finance)

PhD, Associate Professor, Vice-Rector for European Projects and Further Education

Department of Insurance

Olga Zaiats, National Transport University

PhD, Associate Professor

Department of Management

Viktoriia Volodavchyk, Luhansk Taras Shevchenko National University

PhD, Аssociate Professor

Department of Commodity Research, Commercial Business and Goods Examination

Iryna Humeniuk, Educational and Rehabilitation Institution of Higher Education Kamianets-Podilskyi State Institute

PhD

Oleksii Shumilo, Kharkiv National University of Internal Affairs

PhD, Associate Professor

Department of Legal Support of Economic Activity

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Published

2021-10-31

How to Cite

Levchenko, I., Losonczi, P., Britchenko, I., Vazov, R., Zaiats, O., Volodavchyk, V., Humeniuk, I. ., & Shumilo, O. (2021). Development of a method for targeted financing of economy sectors through capital investment in the innovative development. Eastern-European Journal of Enterprise Technologies, 5(13 (113), 6–13. https://doi.org/10.15587/1729-4061.2021.243235

Issue

Vol. 5 No. 13 (113) (2021): Transfer of technologies: industry, energy, nanotechnology

Section

Transfer of technologies: industry, energy, nanotechnology

License

Copyright (c) 2021 Iaroslava Levchenko, Peter Losonczi, Igor Britchenko, Radostin Vazov, Olga Zaiats, Viktoriia Volodavchyk, Iryna Humeniuk, Oleksii Shumilo

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